Traditional life insurance policies don’t take into account whether a person is living a healthy lifestyle which can result in longer life spans and fewer health problems. A new type of life insurance is being adopted by health conscience people as studies show that people who live healthy and know what’s good for their bodies, live longer and spend less time in the hospital or nursing home. This translates into lower life insurance rates.

 

This method of determining insurance rates is ideal for those who are making smart decisions on their health now. They are rewarded for being healthy rather than paying higher rates to balance out those who don’t take care of themselves. It’s a custom life insurance plan based on your lifestyle choices.

 

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Save Money Over Regular Rates

Using your health knowledge and habits will save money on your monthly premiums. You could save thousands of dollars over the life of your policy with this method. Studies show that people who make bad health decisions impact their lives for the future even if they don’t show any signs now.

 

A prime example is someone who smokes regularly. They may be healthy with no known problems, but they are at greater risk for developing lung cancer and other medical conditions. Most life insurance policies ask applicants if they smoke. However, there are many other health habits that aren’t taken into account. That person may overeat, fail to exercise or not get enough sleep. All these bad habits can lead to health issues in the future, but they aren’t generally considered with most policies as long as there are no current medical conditions to report.

 

Healthy People Live Longer

Studies show that people who make good health decisions live longer. They have a lower risk for many of the common medical conditions that lead to an early death. This includes diabetes, certain types of cancer, high blood pressure and heart attacks.

 

With longer lifespans comes lower premiums. Life insurance companies must estimate how long you will live so they can determine premiums to cover the amount of coverage you’re seeking. A healthy person is less likely to die from health issues, which means their insurance premiums should be lower.

 

Life Insurance Health

A healthy lifestyle allows lower insurance premiums

 

A New Kind of Life Insurance Product

When you use science and other research to determine life expectancy based on health, a new type of life insurance product is developed. This product would not only take into account the person’s current health status, but what their health will be like in 10 or 20 years based on the decisions they’re making now.

 

Studies have shown that people with a higher health IQ have healthier lifestyles. They know the right things to do and are doing them. They eat a healthy diet, get plenty of exercise and stay away from negative behaviors. These people have a lower rate of disease and obesity.

 

Life insurance companies can use a standard test which considers lifestyle and knowledge to determine rates. Healthy people will be rewarded for their dedication and choices instead of paying the standard rate that everyone in their age range and gender pays. The goal behind this product is to ensure that your premiums reflect your true risk for early death. It also gives people who have made changes in their lifestyle a chance to get lower rates even if they didn’t start out healthy.

 

This concept is new in the life insurance industry, but it’s a trend that is sure to catch on as more people capitalize on the healthy choices they’re making. It will also hopefully encourage others to begin taking their health more seriously so they can benefit as well. In the end, lower insurance premiums and a healthier life are two good reasons to consider this type of life insurance product.

 

Are you eligible for cheaper life insurance? Check Now

Over 58,327 people saved money with cheaper life insurance

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